ETH has been on an absolute rampage these last few days.
Even with the entire market in shambles, Ethereum has been running its own race.
As you can see we have just broken out of the consolidation, or accumulation zone.
From the 4H chart, you can see that over the last day the money flow into ETH has seen a massive increase.
There was also a strong bounce off the EMA & a resistance to break the uptrend two different times.
Will we see a sharp pullback?
Scenarios:
1 - Rip to $2,900 - $3,000
2 - Break uptrend & see a massive sell off to retest breakout
Not financial advice.
Even with the entire market in shambles, Ethereum has been running its own race.
As you can see we have just broken out of the consolidation, or accumulation zone.
From the 4H chart, you can see that over the last day the money flow into ETH has seen a massive increase.
There was also a strong bounce off the EMA & a resistance to break the uptrend two different times.
Will we see a sharp pullback?
Scenarios:
1 - Rip to $2,900 - $3,000
2 - Break uptrend & see a massive sell off to retest breakout
Not financial advice.